its still relatively cheap at $35 given the $A1,500+ gold price.
do the maths:
at that gold price ($A1,500), assuming a $500 per oz cost to mine and annual production of 1.6m oz, over 12 months ncm will have a gross operating profit of $1.6B......
NCM Price at posting:
$35.54 Sentiment: None Disclosure: Not Held